Atkore Inc.

atkore.com

What Do They Do?

Makes electrical conduit, cable and installation accessories for construction contractors, and infrastructure products for contractors, equipment makers and end users.

How Do They Make Money?

Customers pay mainly for shipped products: Atkore generally sells on a spot basis, and payment is tied to shipment, with an immaterial amount paid when products are delivered.

revenue

Segment	Share	Revenue	How money arrives
Electrical Sold outright	70% FY2022: 77%		Sold outright
Safety & Infrastructure Sold outright	30% FY2022: 23%		Sold outright

Who Are Their Customers?

Atkore sells mainly through electrical, industrial and specialty distributors that supply contractors; it also sells to original equipment makers and retailers. Distributors and contractors install its products in construction and renovation projects, while equipment makers use some products in their own systems.

Do Revenues Turn Into Profits?

Not on paper. It lost $15.2M in FY2025, but brought in more cash than it spent: $295.7M of free cash flow.

Operating income, FY2025

1% of revenue

▼ −96% vs FY2024 ($624.8M, 20%)

Net income, FY2025

−1% of revenue

▼ Now a loss vs FY2024 ($472.9M, 15%)

Free cash flow, FY2025

10% of revenue

▼ −26% vs FY2024 ($399.2M, 12%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Jun 26, 2026

Revenue: ▲ +8%; vs $735M in Q3 FY2025
Net income: ▼ −98%; vs $43M in Q3 FY2025

Electrical share of revenue vs 70.9% in Q3 FY2025

Aug 3, 2026 Atkore agreed to be acquired by Prysmian in an all-cash merger Each share will convert into the right to receive $95.00 in cash, subject to shareholder, regulatory and other customary approvals.
Apr 8, 2026 Atkore sold its HDPE pipe and conduit business to Infra Pipes

Flat. Revenue was $2.9B in FY2025, about the same as the $2.9B of FY2021.

Revenue over time

Electrical Safety & Infrastructure

$5B$2.5B$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Zekelman Industries, Mitsubishi, Nucor, Southwire, Dura-Line, Prysmian, Eaton, ABB, Hubbell, nVent Electric, and Haydon

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